Information and Reporing Unit, Banking Supervision Division					03/06/2002
Statement for the first quarter - consolidated
Bank Leumi Le-Israel B.M. and its subsidiaries, Main data, NIS million
Taken from the quarterly report to 31.03.2002. Adjusted to the CPI for  03.2002.
Summary consolidated balance sheet	31.03.2002	31.12.2001	Bank's share of the banking system
			31.03.2002	31.12.2001
Cash and deposits in banks	19,731	25,196	20.5%	21.9%
Securities	36,980	40,295	36.7%	39.6%
Credit to the public	165,131	163,550	29.4%	29.3%
Credit to the government	1,507	1,276	16.2%	13.9%
Investments in companies included on an equity basis	1,377	1,429	33.5%	34.3%
Buildings and equipment	2,386	2,380	24.2%	24.1%
Other assets	5,638	5,667	31.7%	33.1%
Total assets	232,750	239,793	29.1%	29.4%
Deposits of the public	193,656	202,249	29.5%	29.9%
Deposits of banks	4,157	3,599	17.6%	16.8%
Deposits of the government	3,310	3,573	17.5%	18.3%
Bonds and subordinated notes	10,156	9,424	28.1%	27.2%
Other liabilities	8,234	7,801	36.7%	36.2%
Total liabilities	219,513	226,646	29.0%	29.3%
Quasi-capital items	0	0	0.0%	0.0%
Minority shareholders' rights	451	439
Equity	12,786	12,708	31.7%	31.5%
Summary consolidated profit and loss statement	Three months to		Bank's share of the banking system
			Three months to
	31.03.2002	31.03.2001	31.03.2002	31.03.2001
Net interest profit before loan-loss provision	1,298.0	1,302.0	31.6%	30.4%
Loan-loss provision	353.0	95.0	26.3%	14.3%
Operating and other income	715.0	650.0	28.2%	26.9%
Of which: Operating income	609.0	523.0	28.6%	26.0%
Operating and other expenses	1,234.0	1,379.0	28.8%	30.2%
Of which: Salaries and related expenses	789.0	971.0	29.6%	32.5%
Ordinary before-tax provision	426.0	478.0	42.2%	32.7%
Provision for taxes on ordinary profit	181.0	205.0	32.2%	28.0%
Ordinary after-tax profit	245.0	273.0	54.6%	37.6%
Bank's share in the profit of subsidiaries	-12.0	21.0
Share of minority shareholders in profit of consolidated companies	-13.0	-4.0
Extraordinary after-tax profit	-1.0	2.0
Net profit	219.0	292.0	54.9%	46.3%
Profit after the effect of the difference between the known index and the "in lieu" index	270.0	316.0	49.2%	45.6%
Balances and rates of return on financial items by indexation base on 31.03.2002	Unindexed NIS	CPI-indexed  NIS	Foreign Currency (1)	Total financial items
Balance of financial assets on balance-sheet date	64,576	58,255	103,185	226,016
Balance of financial liabilities on balance-sheet date	72,362	49,936	95,640	217,938
Excess of financial assets over financial liabilities	-7,786	8,319	7,545	8,078
Total indexation balance (incl.forwards and options in term of basis assets) 2	859	7,607	-388	8,078
Rate of income on assets (percent) 3	-3.52	3.39	17.28	6.33
Rate of expenditure on liabilities (percent) 3	5.98	-2.47	-15.07	-4.54
Interest-rate differential	2.46	0.93	2.21	1.79
Problem borrowers	31.03.2002	31.12.2001
Total credit risk dew to problem borrowers	16,720.00	17,667.00
Total credit  to problem borrowers	15,746.00	16,279.00
Main financial ratios - consolidated (percent)	31.03.2002	31.12.2001
Equity/balance-sheet ratio	5.49	5.30
Finanancial capital/equity ratio	63.18	63.46
Equity/risk-weighted-assets ratio	10.20	9.70
Return on equity (net profit/gross weighted-capital ratio) 4	7.10	7.80
Operating income/operating expenses ratio 5	57.94	53.14
1 Including foreign-currency indexed NIS.
2 Forwards transactions.
3 Three-month rate of income (expenses), on annual basis including ALM derivatives.
4 Annual basis.
5 For three months. Comparative data are annual.
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